SoftBank hands new roles to two Vision Fund managing partners
The executive reshuffle signals a heightened focus on SoftBank’s senior ranks in a period of turbulence for the Japanese conglomerate.
SoftBank’s Vision Fund is planning to cut 10% of staff
The Vision Fund has struggled since WeWork botched its efforts to go public last year and SoftBank stepped in to bail the company out.
PM Modi to share his vision on 'Getting Growth Back' with India Inc on Tuesday
The day-long virtual event on the theme 'Getting Growth Back' will also witness participation from top corporate honchos like Piramal Group Chairman Ajay Piramal, ITC Ltd CMD Sanjiv Puri, Biocon CMD Kiran Mazumdar-Shaw, SBI Chairman Rajnish Kumar, Kotak Mahindra Bank CEO and CII President-Designate Uday Kotak and CII President Vikram Kirloskar.
Healthcare needs centre and states to come together for GST-like vision
Insurers face the biggest hit during calamities. While businesses can declare force majeure, insurers cannot. Bhargav Dasgupta, CEO of ICICI Lombard, the biggest private sector general insurer, shares his assessment of the economic realities and what it means for the insurance industry in an interview with Ashwin Manikandan and MC Govardhana Rangan.
SoftBank doubles Vision Fund chief, Rajeev Misra's, pay despite record loss
The pay hike for Rajeev Misra comes at a time when the Vision Fund is planning deep cuts in staffing.
WeWork co-founder Adam Neumann sues SoftBank over failed $3 billion tender offer
In April, SoftBank said it would not press ahead with the tender offer because several pre-conditions had not been met, frustrating WeWork's minority shareholders, who were expecting a payout. The investors included Adam Neumann.
Bankers keep Vision Fund going with rubber bands
A likely scenario is that the Vision Fund will once again find bankers willing enough to front the required money, but one would expect (hope) they’d ask for some collateral to back it up and charge a hefty enough interest rate to make it worthwhile in these unstable times.
SoftBank Vision Fund head's pay doubled last year despite massive losses
SoftBank Vision Fund's head, Rajeev Misra, saw his total pay for the past business year more than double to roughly $15 million, even as the fund's under-performance pushed SoftBank to a record operating loss of some $13 billion.
CES 2020: Inspired by 'Avatar', Mercedes-Benz launches Vision AVTR concept car that moves like a crab
Director James Cameron, who was present at the launch, took a selfie with the concept car.
Amazon India turns 7, Amit Agarwal gets nostalgic, shares a throwback picture, says it still feels like Day 1
The top boss took a walk down memory lane and reflected on his journey.
Lockdown, Day 65: India faces a jobs paradox
A United Nations University study estimates that 104 mn Indians could fall below the World Bank-determined poverty line of $3.2 a day for lower-middle-income countries but the picture of where the Indian economy is headed should be a bit clearer tomorrow when the GDP data comes out.
SoftBank’s first Vision Fund may be its last after $18 billion loss
Masayoshi Son said he believes that the economic shock of the coronavirus could end up helping technology companies in fields from ride-hailing to artificial intelligence.
SoftBank Vision Fund posts record $17.7 billion loss on Oyo, WeWork and Uber
SoftBank lost $17.7 billion last fiscal year after writing down the value of investments.
It's raining cars! After Hyundai, Skoda unveils its own SUV 'Vision IN', all set to launch in 2021
This is the first product developed under India 2.0 project.
SoftBank’s Masa-Misra partnership strained by losses, infighting
Misra is at the heart of the problem in ways that go beyond how the fund’s companies are performing.
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